Surge in Options Trading Highlights Key Stocks in the Russell 3000

Investors are actively trading options in several notable companies today, with QuantumScape, Perpetua Resources, and Novavax leading the way.

Among the underlying components of the Russell 3000 index, QuantumScape Corp (Symbol: QS) is seeing significant activity. Today, a total of 186,377 contracts have been traded, equivalent to nearly 18.6 million underlying shares. This impressive volume represents about 92% of QS’s average daily trading volume for the past month, which stands at 20.3 million shares. Most notably, the $7 strike call option expiring on January 17, 2025, has garnered attention, with 25,152 contracts traded today—around 2.5 million underlying shares. Below is a chart displaying QS’s trading history over the last twelve months, with the $7 strike option highlighted in orange:

Next, Perpetua Resources Corp (Symbol: PPTA) is witnessing a trading volume of 8,690 contracts today. This corresponds to approximately 869,000 underlying shares, or about 91.8% of PPTA’s average daily trading volume of 946,620 shares over the past month. The $12.50 strike call option expiring on January 17, 2025, has seen particularly high activity, with 7,156 contracts traded, representing about 715,600 underlying shares. The chart below illustrates PPTA’s trading history for the past twelve months, highlighting the $12.50 strike in orange:

Lastly, Novavax, Inc. (Symbol: NVAX) has also experienced notable options trading, with 30,747 contracts exchanging hands. This amount translates to approximately 3.1 million underlying shares, constituting about 91% of NVAX’s average daily trading volume of 3.4 million shares in the last month. The $10 strike call option, expiring on January 17, 2025, has seen strong interest, with 4,562 contracts traded, representing around 456,200 underlying shares. The chart below shows NVAX’s options trading history over the past year, with the $10 strike option marked in orange:

For more information on the various expirations for options in QS, PPTA, or NVAX, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.